WAR + INFLATION = GOLD

By Egon von Greyerz – von Greyerz Gold

“Poverty is the parent of revolution, crime and war” is what Aristotle stated 2,300 years ago. I added “war” since this is often the consequence of poverty and bankruptcy for a nation in a desperate attempt to borrow more money and blame the war for the economic woes.

As the US is now totally losing its hegemony, we can on a daily basis follow the desperate actions that a failing super power takes. 

As every empire and nation that fails, the US has followed the same pattern whether we talk about the Roman, Mongol, Ottoman, Qing or British Empires. 

Initial economic success as well as military might lead to illusions of grandeur and infallibility. 

Riches, often stolen from other nations, turn to deficits and debts, collapsing currencies and decadence. That leads to money printing followed by the collapse of the currency. At that stage wars are often started which generally have disastrous consequences. 

The RISK OF A COLLAPSE OF THE global geopolitical and economic SYSTEM is crystal clear BUT the outcome is extremely murky.